Madonna's Painting Fetches $7.2M, Money Goes to Charity

The 1921 abstract painting by French artist
Fernand Leger is sold at a New York auction
with the proceeds to support girls' education.
A painting
owned by
Madonna has
been sold at
Sotheby's
auction in
New York
during an
Impressionist
and Modern
Art sale. The
art work by
French artist
Fernand Leger
is bought for
$7.2 million,
exceeding the initial projection of $5-7
million.
The Material Girl will donate proceeds from
the sale to charity. The money will go to the
Ray of Light Foundation to fund an education
project for girls in Afghanistan, Pakistan and
other countries where education for females is
rare.
"I cannot accept a world where women or girls
are wounded, shot or killed for either going to
school or teaching in girls' schools. We don't
have time to be complacent," she said. "I want
to trade something valuable for something
invaluable - Educating Girls!"
The Cubist masterpiece was displayed in Hong
Kong and London, and then was showcased at a
special NY dinner last week before being put
under the hammer Tuesday, May 7. Who
purchased the painting from the singer hasn't
been disclosed.
Madge bought the painting, "Trois Femmes a la
Table Rouge (Three Women at the Red Table)",
at an auction in 1990 for $3.4 million to add
to her art collection. Leger created it in 1921
as part of a series depicting women with still-
life compositions.
Aside from building schools for girls'
education, the singer funded an educational
project in Malawi where she adopted David
Banda in 2006 and Mercy James in 2009.
Unfortunately, her good intention was marred
with mismanagement issue.
Madonna is not the only Hollywood star who is
supporting girls' education outside the United
States. Angelina Jolie and Oprah Winfrey have
both done the same, building schools in
Afghanistan and South Africa respectively.
Angie is raising money from the sales of her
jewelry line to support her project.